RCS - Pulsar Helium Inc. - Pulsar Announces Positive Seismic Survey Results

Pulsar HeliumAnnouncement

09/07/2024 12:15

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RNS Number : 5868V  Pulsar Helium Inc.  09 July 2024

NEWS RELEASE | JULY 9, 2024 | VANCOUVER BC

PULSAR ANNOUNCES POSITIVE OUTCOME FROM SEISMIC SURVEY AT THE TOPAZ HELIUM
PROJECT

Pulsar Helium Inc. (TSXV:PLSR & OTCQB:PSRHF) ("Pulsar" or the "Company"),
the emerging multi project pure play helium development company, is pleased to
provide an update on progress at its flagship 100% owned Topaz helium project
in Minnesota. This includes positive results from a 2D seismic sweep survey,
and an update on additional geophysical surveys from the ongoing exploration
program.

•              1.1 km (0.7 mi) long 2D seismic sweep survey
shows a seismic reflector identified at the same depth as gas intersected in
Jetstream #1 appraisal well, and additional reflectors observed at depth.

•              Further 20.4km (12.7 mi) long 2D seismic line
scheduled to commence in July to assist in the placement of step out wells
from Jetstream #1 appraisal well, which flowed North America's highest
concentration of helium at 14.5%.

•              Processed infill high-resolution airborne
gravity gradiometry and magnetic data received and ready for interpretation.

•              Sproule International Ltd expected to publish an
updated resource calculation in July.

Pulsar President & CEO, Thomas Abraham-James, commented: "We are delighted
to receive this 2D seismic data, which demonstrates that the helium-bearing
zone encountered in Topaz's Jetstream #1 appraisal well is identifiable and
that additional gas-bearing zones are likely at depth. This new data,
alongside existing drilling, passive seismic, and gravity information, sets
the stage for our upcoming drilling program where we plan to deepen Jetstream
#1 and drill additional step-out wells. This is a busy period for us, as we
also anticipate receiving the Topaz resource calculation from Sproule later
this month."

Interpretation of the 2D seismic sweep shows a seismic reflector# at a depth
coincident with the helium-bearing zone intersected in Jetstream #1, and
additional reflectors with similar characteristics at greater depth. The
positive result highlights 2D seismic reflection as an efficient exploration
tool and supports the larger 2D seismic survey scheduled for July as well as
potential future 3D seismic surveys.  The sweep line was 1.1km (0.7 mi) in
length, in a N-S orientation, with receivers at 10m (33ft) interval, and
located 150m (492ft) west of Jetstream #1.

A 20.4km (12.7 mi) long, east-west orientated 2D seismic line is scheduled to
commence later in July.  This will provide regional high-resolution data to
complement the existing passive seismic and airborne gravity gradiometry (AGG)
data. The combination of this data will be used to assist the placement of
step out wells from Jetstream #1.

Pulsar has also received processed AGG, magnetic and Lidar data from an infill
survey flown in May covering an area of 190km2  (118mi2)which is now ready
for interpretation. When combined with the AGG data acquired in 2022, the
survey has a combined resolution of 150m (492ft) line spacing.  AGG is an
industry-leading geophysical technique for mapping geological units and
structure.

Resource Calculation

All technical data for Topaz has been transferred to Sproule International
Ltd, which is expected to publish an updated resource calculation in July.

* In the State of Minnesota, the regulatory term is 'exploratory boring'.

# A seismic reflector is an interface between subsurface layers with
contrasting acoustic impedances that reflects a portion of seismic wave energy
back to the surface, allowing geophysicists to image and interpret subsurface
structures.

About Pulsar Helium Inc.

Pulsar Helium Inc. is a publicly traded company listed on the TSX Venture
Exchange with the ticker PLSR and on the OTCQB with the ticker PSRHF. Pulsar's
portfolio consists of its flagship Topaz helium project in Minnesota, USA,
that has been drilled and flowed up to 14.5% helium, USA and the Tunu helium
project in Greenland. Pulsar is the first mover in both locations with primary
helium occurrences not associated with the production of hydrocarbons
identified at each. For further information visit https://pulsarhelium.com,
follow us on X https://twitter.com/pulsarhelium?lang=en and LinkedIn
https://ca.linkedin.com/company/pulsar-helium-inc.

On behalf Pulsar Helium Inc.

"Thomas Abraham-James"

President, CEO and Director

Further Information:

Thomas Abraham-James President,

CEO and Director Pulsar Helium Inc.

connect@pulsarhelium.com (mailto:connect@pulsarhelium.com)

+ 1 (604) 599-0310

Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release contains forward-looking statements and forward-looking
information within the meaning of Canadian securities legislation
(collectively, "forward-looking statements") that relate to the Company's
current expectations and views of future events. Any statements that express,
or involve discussions as to, expectations, beliefs, plans, objectives,
assumptions or future events or performance (often, but not always, through
the use of words or phrases such as "will likely result", "are expected to",
"expects", "will continue", "is anticipated", "anticipates", "believes",
"estimated", "intends", "plans", "forecast", "projection", "strategy",
"objective" and "outlook") are not historical facts and may be forward-looking
statements and may involve estimates, assumptions and uncertainties which
could cause actual results or outcomes to differ materially from those
expressed in such forward-looking statements.  No assurance can be given that
these expectations will prove to be correct and such forward-looking
statements included in this news release should not be unduly relied upon.
These statements speak only as of the date of this news release.

No reserves have been assigned in connection with the Company's property
interests to date, given their early stage of development. The future value of
the Company is therefore dependent on the success or otherwise of its
activities, which are principally directed toward the future exploration,
appraisal and development of its assets, and potential acquisition of property
interests in the future. Un-risked Contingent and Prospective Helium Volumes
have been defined at the Topaz Project. However, estimating helium volumes is
subject to significant uncertainties associated with technical data and the
interpretation of that data, future commodity prices, and development and
operating costs. There can be no guarantee that the Company will successfully
convert its helium volume to reserves and produce that estimated volume.
Estimates may alter significantly or become more uncertain when new
information becomes available due to for example, additional drilling or
production tests over the life of field. As estimates change, development and
production plans may also vary. Downward revision of helium volume estimates
may adversely affect the Company's operational or financial performance.

Helium volume estimates are expressions of judgement based on knowledge,
experience and industry practice. These estimates are imprecise and depend to
some extent on interpretations, which may ultimately prove to be inaccurate
and require adjustment or, even if valid when originally calculated, may alter
significantly when new information or techniques become available. As further
information becomes available through additional drilling and analysis the
estimates are likely to change. Any adjustments to volume could affect the
Company's exploration and development plans which may, in turn, affect the
Company's performance. The process of estimating helium resources is complex
and requires significant decisions and assumptions to be made in evaluating
the reliability of available geological, geophysical, engineering, and
economic date for each property. Different engineers may make different
estimates of resources, cash flows, or other variables based on the same
available data.

Forward-looking statements are based on a number of assumptions and are
subject to a number of risks and uncertainties, many of which are beyond the
Company's control, which could cause actual results and events to differ
materially from those that are disclosed in or implied by such forward-
looking statements. Such risks and uncertainties include but are not limited
to Pulsar may be unsuccessful in drilling commercially productive wells; drill
costs may be higher than estimates; delays in the commencement of drilling, a
temporary permit may not be issued, and other factors set forth under
"Cautionary Note Regarding Forward Looking Statements and Market and Industry
Data" and "Risk Factors" in the Final Prospectus. The Company undertakes no
obligation to update or revise any forward- looking statements, whether as a
result of new information, future events or otherwise, except as may be
required by law. New factors emerge from time to time, and it is not possible
for the Company to predict all of them or assess the impact of each such
factor or the extent to which any factor, or combination of factors, may cause
results to differ materially from those contained in any forward-looking
statement. Any forward-looking statements contained in this news release are
expressly qualified in their entirety by this cautionary statement.

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